loading...
Overview

Fund Profile

Key Facts

Fund Ticker ZWB
Net Assets (Mn)
(Feb 25, 2020)
$ 1,804.92
Base Currency CAD
Closing Market Price $ 18.47
12-Month Low/High (Market Price) $ 17.31 / $ 19.14
Closing NAV Price
(Feb 25, 2020)
$ 18.4553
12-Month Low/High (Price (NAV)) $ 17.3086 / $ 19.1223
Annualized Distribution Yield
(Feb 21, 2020)

Annualized Distribution Yield: The most recent regular distribution, or expected distribution, (excluding additional year end distributions) annualized for frequency, divided by current NAV.

5.38%
Swap Fee -
Counterparty Exposure  -
Maximum Annual Management Fee 0.65%
Management Expense Ratio 0.72%
Market Volume 553,410
Distribution Frequency Monthly
Options Available No
Inception Date Jan 28, 2011
Fiscal Year-End December 31
Units Outstanding (000's) 97,800
Index -
Market Cap ($Bn)
(Jan 31, 2020)
517.28
Exchange TSX
CUSIP 05560U104
Eligibility RRSP/RRIF/RESP/DPSP/TFSA

Portfolio Strategy

BMO Covered Call Canadian Banks ETF has been designed to provide exposure to a portfolio of Canadian banks while earning call option premiums. The Fund invests in securities of Canadian banks, and dynamically writes covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides limited downside protection. The underlying portfolio is rebalanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry. In addition, as ZWB is a fund of fund, the management fees charged are reduced by those accrued in the underlying funds.

Fund Benefits

  • Designed for investors looking for higher income from equity portfolios
  • Invested in a diversified portfolio of Canadian banks
  • Call option writing reduces volatility
  • Professionally managed by BMO Global Asset Management

Risk Rating

  • Low
  • Low to Medium
  • Medium
  • Medium to High
  • High

Download

Price & Performance

Performance Chart

Growth of 10,000

Performance Details

Fund Total Assets ($Mn)
(Feb 25, 2020)
$ 1,804.92
Market Price $ 18.47
12-Month Low/High (Market Price) $ 17.31 / $ 19.14
Price (NAV) $ 18.4553
12-Month Low/High (Price (NAV)) $ 17.3086 / $ 19.1223
Distribution Frequency Monthly

Daily Prices

Unit Price as of
(Feb 25, 2020)
1 Day Change 1 Day % Change
Market Price $ 18.47 $ -0.28 -1.49%
Price (NAV) $ 18.4553 $ -0.2806 -1.50%

Performance

Annualized Performance

Annualized Performance (%) for period ending: Jan 31, 2020

1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 6.54% 2.38% 4.93% 9.41% - 8.64%
Index - - - - - -
Calendar Performance

Calendar Year Performance (%) for period ending: Jan 31, 2020

YTD 2019 2018 2017 2016 2015 2014 2013 2012 2011
NAV 1.15% 14.27% -8.08% 11.62% 25.26% -4.12% 11.66% 16.18% 13.01% 1.11%
Index - - - - - - - - - -
Cumulative Performance

Cumulative Performance (%) for period ending: Jan 31, 2020

YTD 1 mo 3 Mo 6 Mo 1 Year 2 Year 3 Year 5 Year 10 Year Since Inception
NAV 1.15% 1.15% 0.77% 4.17% 6.54% 4.81% 15.54% 56.76% - 111.10%
Index - - - - - - - - - -

Download

Tax & Distributions

Distribution History

Each BMO ETF will distribute net taxable income to investors at least once a year. A BMO ETF will have taxable income if the income generated (for example interest, dividend, capital gains, etc.) by the securities within the BMO ETF is greater than the expenses of the BMO ETF. The distributions will either be paid in cash or reinvested in the BMO ETF at the discretion of the manager. The future distribution dates for BMO ETFs may change at any time and whether or not a distribution occurs will depend on the tax characteristics of the underlying investments.

The following table lists historical distributions and includes information about the frequency dollar value and tax composition of the distribution. The tax composition of the BMO ETF distribution will be determined on a yearly basis and will only be available after the BMO ETFs tax year. This information will be reported in an official tax receipt provided to investors by their broker.

Download Distribution History (Excel)
Distribution Period

Future distribution dates may change without any prior notice.

Ex-Dividend Date Record Date Pay Date Cash Distribution Per Unit Reinvested Distribution Per Unit

Distributions by the BMO ETF that are not paid in cash should be accounted for by investors for tax purposes by adding the distribution amount to the adjusted cost base of the units held.

Total Distribution Per Unit
Jan, 2020 Jan 29, 2020 Jan 30, 2020 Feb 04, 2020 0.085000 0.000000 0.085000
Feb, 2020 Feb 26, 2020 Feb 27, 2020 Mar 03, 2020 0.085000 0.000000 0.085000
Mar, 2020 Mar 27, 2020 Mar 30, 2020 Apr 02, 2020 - - -
Apr, 2020 Apr 28, 2020 Apr 29, 2020 May 04, 2020 - - -
May, 2020 May 27, 2020 May 28, 2020 Jun 02, 2020 - - -
Jun, 2020 Jun 26, 2020 Jun 29, 2020 Jul 06, 2020 - - -
Jul, 2020 Jul 29, 2020 Jul 30, 2020 Aug 05, 2020 - - -
Aug, 2020 Aug 27, 2020 Aug 28, 2020 Sep 02, 2020 - - -
Sep, 2020 Sep 28, 2020 Sep 29, 2020 Oct 02, 2020 - - -
Oct, 2020 Oct 28, 2020 Oct 29, 2020 Nov 03, 2020 - - -
Nov, 2020 Nov 26, 2020 Nov 30, 2020 Dec 02, 2020 - - -
Dec, 2020 Dec 29, 2020 Dec 30, 2020 Jan 05, 2021 - - -
Download Distribution Tax (Excel)
Distribution Period Eligible Dividends Non Eligible Dividends Other Income Capital Gains Return of Capital Foreign Income Foreign Tax Paid Total Distribution per Unit for Tax Purpose

The exact tax treatment of the distributions for a calendar year is calculated after the BMO ETF's tax year-end. As a result investors will receive an official tax statement from their broker detailing the type of income they have to report for tax purposes for the entire year and not for each distribution.

- - - - - - - - -

Download

Holdings & Allocations

Daily Holdings

As of Feb 25, 2020

Stock

99.91%

Cash and Cash Equivalents

0.09%

Number of Holdings

35

Total Net Assets

$ 1,804,924,428.00


Download Holdings (Excel)
No column selected.
Weight (%) Name ISIN Bloomberg Ticker Number of Shares Currency Base Market Value Sector Asset Class
28.73% BMO EQUAL WEIGHT BANKS INDEX ETF CA0556851016 ZEB 17,657,486 CAD 518,532,736 - Stock
13.38% NATIONAL BANK OF CANADA CA6330671034 NA 3,287,811 CAD 241,423,962 Financials Stock
11.83% BANK OF MONTREAL CA0636711016 BMO 2,195,491 CAD 213,511,500 Financials Stock
11.76% ROYAL BANK OF CANADA CA7800871021 RY 1,999,001 CAD 212,333,886 Financials Stock
11.52% BANK OF NOVA SCOTIA/THE CA0641491075 BNS 2,868,049 CAD 207,876,192 Financials Stock
11.40% TORONTO-DOMINION BANK/THE CA8911605092 TD 2,800,296 CAD 205,793,753 Financials Stock
11.29% CANADIAN IMPERIAL BANK OF COMMERCE CA1360691010 CM 1,922,259 CAD 203,797,899 Financials Stock
0.00% BANK OF NOVA SCOTIA/THE 21Feb2020 75 CALL - BNS 2 C75 -5,000 CAD -40,000 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 21Feb2020 113 CALL - CM 2 C113 -2,800 CAD -15,400 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 21Feb2020 76 CALL - TD 2 C76 -4,000 CAD -60,000 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 21Feb2020 104 CALL - BMO 2 C104 -3,000 CAD -3,000 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 20Mar2020 112 CALL - CM 3 C112 -2,500 CAD -30,000 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 20Mar2020 106 CALL - BMO 3 C106 -3,000 CAD -13,500 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 20Mar2020 74.5 CALL - BNS 3 C74.5 -3,000 CAD -45,000 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 20Mar2020 75.5 CALL - NA 3 C75.5 -3,500 CAD -73,500 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 28Feb2020 75 CALL - 4NA 2 C75 -3,000 CAD -25,500 - Cash and Cash Equivalents
0.00% NATIONAL BANK OF CANADA 06Mar2020 75.5 CALL - 1NA 3 C75.5 -3,500 CAD -29,750 - Cash and Cash Equivalents
0.00% BANK OF NOVA SCOTIA/THE 06Mar2020 74 CALL - 1BNS 3 C74 -4,000 CAD -38,000 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 28Feb2020 104 CALL - 4BMO 2 C104 -3,100 CAD -20,150 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 28Feb2020 111.5 CALL - 4CM 2 C111.5 -2,700 CAD -16,200 - Cash and Cash Equivalents
0.00% TORONTO-DOMINION BANK/THE 06Mar2020 77 CALL - 1TD 3 C77 -3,000 CAD -15,000 - Cash and Cash Equivalents
0.00% BANK OF MONTREAL 17Apr2020 104 CALL - BMO 4 C104 -3,000 CAD -45,000 - Cash and Cash Equivalents
0.00% CANADIAN IMPERIAL BANK OF COMM 17Apr2020 113 CALL - CM 4 C113 -2,800 CAD -36,400 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 17Apr2020 112 CALL - RY 4 C112 -3,000 CAD -81,000 - Cash and Cash Equivalents
0.00% ROYAL BANK OF CANADA 20Mar2020 111 CALL - RY 3 C111 -2,300 CAD -17,250 - Cash and Cash Equivalents
-0.01% BMO EQUAL WEIGHT BANKS INDEX E 21Feb2020 30.25 CALL - ZEB 2 C30.25 -20,000 CAD -110,000 - Cash and Cash Equivalents
-0.01% ROYAL BANK OF CANADA 20Mar2020 108 CALL - RY 3 C108 -3,000 CAD -222,000 - Cash and Cash Equivalents
-0.01% TORONTO-DOMINION BANK/THE 20Mar2020 76 CALL - TD 3 C76 -5,000 CAD -100,000 - Cash and Cash Equivalents
-0.01% ZEB CN 03/25/20 C30.5 - - -20,000 CAD -171,550 - Cash and Cash Equivalents
-0.01% NATIONAL BANK OF CANADA 17Apr2020 76 CALL - NA 4 C76 -4,000 CAD -96,000 - Cash and Cash Equivalents
-0.02% BMO EQUAL WEIGHT BANKS INDEX E 20Mar2020 30.5 CALL - ZEB 3 C30.5 -20,000 CAD -320,000 - Cash and Cash Equivalents
-0.02% BMO EQUAL WEIGHT BANKS INDEX E 28Feb2020 30.5 CALL - 4ZEB 2 C30.5 -20,000 CAD -450,000 - Cash and Cash Equivalents
-0.02% ZEB CN 03/18/20 C30.3 - - -20,000 CAD -339,828 - Cash and Cash Equivalents
-0.02% BMO EQUAL WEIGHT BANKS INDEX E 27Mar2020 30.75 CALL - 4ZEB 3 C30.75 -20,000 CAD -280,000 - Cash and Cash Equivalents
0.24% CASH - - 1 CAD 4,348,758 - Cash and Cash Equivalents

Holdings Breakdown

Sector Allocation

Geographic Allocation

Download